Waratah Capital Advisors’s Canadian National Railway CNI Stock Holding History

Waratah Capital Advisors’s Portfolio CNI Stock Details CNI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$10.8M	Sell	90,425 -178,842	-66%	-$20.4M	0.37%	65
2026 Q1	$27.7M	Buy	269,267 +84,893	+46%	+$8.76M	1.05%	20
2025 Q4	$18.2M	Buy	+184,374	New	+$17.7M	0.61%	39
2025 Q3	–	Sell	-115,955	Closed	-$12.1M	–	196
2025 Q2	$12.1M	Sell	115,955 -38,864	-25%	-$3.95M	0.32%	60
2025 Q1	$15.1M	Buy	154,819 +1,271	+0.8%	+$129K	0.41%	47
2024 Q4	$15.6M	Buy	+153,548	New	+$16.8M	0.52%	58
2021 Q3	–	Sell	-47,676	Closed	-$5.03M	–	268
2021 Q2	$5.03M	Buy	+47,676	New	+$5.26M	0.07%	97
2020 Q4	–	Sell	-26,997	Closed	-$2.87M	–	215
2020 Q3	$2.87M	Sell	26,997 -590	-2%	-$59.3K	0.31%	58
2020 Q2	$2.44M	Buy	27,587 +15,953	+137%	+$1.33M	0.21%	66
2020 Q1	$902K	Buy	+11,634	New	+$1.01M	0.16%	62
2019 Q1	–	Sell	-20,416	Closed	-$1.52M	–	120
2018 Q4	$1.52M	Sell	20,416 -76,497	-79%	-$6.34M	0.19%	66
2018 Q3	$8.68M	Sell	96,913 -217,414	-69%	-$19M	0.87%	39
2018 Q2	$25.7M	Buy	314,327 +302,875	+2,645%	+$24.1M	2.83%	8
2018 Q1	$836K	Buy	+11,452	New	+$885K	0.09%	86
2017 Q4	–	Sell	-15,000	Closed	-$1.24M	–	117
2017 Q3	$1.24M	Buy	+15,000	New	+$1.22M	0.16%	75
2017 Q1	–	Sell	-9,900	Closed	-$666K	–	163
2016 Q4	$666K	Buy	9,900 +300	+3%	+$19.8K	0.1%	97
2016 Q3	$628K	Buy	9,600 +2,180	+29%	+$138K	0.11%	90
2016 Q2	$438K	Buy	+7,420	New	+$448K	0.09%	88
2015 Q3	–	Sell	-91,575	Closed	-$5.29M	–	138
2015 Q2	$5.29M	Buy	91,575 +65,045	+245%	+$4.07M	1.19%	25
2015 Q1	$1.77M	Buy	26,530 +18,630	+236%	+$1.27M	0.48%	54
2014 Q4	$545K	Sell	7,900 -20,100	-72%	-$1.38M	0.26%	58
2014 Q3	$1.99M	Sell	28,000 -7,400	-21%	-$513K	1.42%	28
2014 Q2	$2.3M	Buy	+35,400	New	+$2.11M	1.12%	27
2013 Q4	–	Sell	-33,200	Closed	-$1.68M	–	90
2013 Q3	$1.68M	Buy	+33,200	New	+$1.64M	0.94%	25

Other funds holding CNI

Gates Foundation Trust Kirkland, Washington $34.4B AUM 26.34% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $70.2B AUM 30.95% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $199B AUM 37.98% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $100B AUM 36.93% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $115B AUM 41.58% 1-Year Est. Return

TCI Fund Management London, United Kingdom $52.8B AUM 12.71% 1-Year Est. Return

Waratah Capital Advisors's CNI Position: Q2 2026 in Review

Waratah Capital Advisors reduced its Canadian National Railway (CNI) stake by 66% in Q2 2026, selling an estimated $20.4M and leaving 90,425 shares worth $10.8M. The position accounts for 0.37% of the portfolio, ranked #65.

Waratah Capital Advisors first reported a position in CNI in Q3 2013 and has held it in 24 quarters since. The position peaked at $27.7M in Q1 2026. 844 funds tracked by Wall St. Rank hold CNI as of Q2 2026.

Waratah Capital Advisors held 90,425 shares of Canadian National Railway worth $10.8M as of Q2 2026.
Waratah Capital Advisors sold 178,842 Canadian National Railway shares in Q2 2026, an estimated $20.4M.
Canadian National Railway made up 0.37% of Waratah Capital Advisors's portfolio in Q2 2026, its #65 holding.
Waratah Capital Advisors first reported a position in Canadian National Railway in Q3 2013 and has held it in 24 quarters since.
Waratah Capital Advisors's Canadian National Railway position peaked at $27.7M in Q1 2026.
844 funds tracked by Wall St. Rank held Canadian National Railway as of Q2 2026.

Based on Waratah Capital Advisors's 13F filing for Q2 2026, filed 11 Aug 2026.